Adobe to buy back $2bn of its own stock by 2015

SOFTWARE DEVELOPER Adobe has announced plans to buy back $2bn of its own stock to avoid dilution. 

Adobe’s board approved a plan to repurchase $2bn of its common stock by 2015 in a bid to avoid dilution. The firm recently reported a decline in profits and its announcement is meant to promote an image of calm, with the firm claiming it will “return value” to Adobe’s stockholders.